For Sale: Minneapolis MLS# 6705622
Active
NEW!
$332,500
Multi-family: Triplex
Built 1905
2,671 sqft • 0.13 acres
Minneapolis schools
MLS# 6705622
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Property Description
This well-cared-for true Triplex has been owned by the same owner for over 40 years. It is always rented, easy to manage, has a new roof, and pex water lines in the last 3 years. All 3 units have original charm, including spacious layouts, hardwood floors, and dining rooms. Each unit has recently been renovated. Unit one is outstanding with inlaid wood details in the floor and a decorative archway to the dining room. The basement laundry is convenient for tenants, and all gas and electric are separated between each unit. Unit 2 is moving on April 30, 2025, opening the opportunity for owner-occupancy. Could rent out a detached garage in the future separately for more income. 1% rule from rents makes this triplex a good investment.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$332,500
Price per sq ft:
$124
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1905
State:
MN
Property Style:
Triplex
Zip Code:
55411
Neighborhood/Area:
Jordan
Subdivision Name:
Silver Lake Add
Interior
Finished Area:
2,671 ft2
Living Area:
2,671 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Block
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
1 ft2
Foundation Size:
1,000 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Other
Parking Features:
Detached
Exterior Material:
Other
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.13
Geolocation:
45.010811, -93.297211
Lot Dimensions:
45 x 127
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
$1
Annual Electric Expense:
$1
Annual Fuel Expense:
$1
Annual Insurance Expense:
$1
Annual Maintenance Expense:
$1
Annual Gross Expense:
$1
Annual Trash Expense:
$1
Annual Water/Sewer Expense:
$1
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$4,604
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,604
Income
Annual Gross Income:
$39,900
Misc. Annual Income:
$1
Misc. Monthly Income:
$1
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of MSP Services, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.